Settlement of Dispute Sample Clauses
The Settlement of Dispute clause establishes the procedures that parties must follow to resolve disagreements arising from the contract. Typically, this clause outlines steps such as negotiation, mediation, or arbitration before resorting to litigation, and may specify the location, governing law, or forum for dispute resolution. Its core function is to provide a clear, structured process for addressing conflicts, thereby minimizing uncertainty and reducing the likelihood of protracted or costly legal battles.
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Settlement of Dispute. Any disputes under the Agreement shall be settled at first through friendly consultation between the parties hereto. In case no settlement can be reached through consultation, each party shall have the right to submit such disputes to China International Economic and Trade Arbitration Commission in Beijing. The Place of arbitration is Beijing. The arbitration award shall be final and binding on both parties.
Settlement of Dispute. Any dispute, controversy or claim arising out of or relating to this Agreement or the breach, termination or invalidity thereof, shall be settled by arbitration in accordance with the Pakistan Arbitration Act, 1940, subject to the exclusive jurisdiction of the Courts of [insert place].
Settlement of Dispute. The parties shall strive to settle any dispute arising from the interpretation or performance of this Agreement through friendly consultation. In case no settlement can be reached through consultation within thirty (30) days after such dispute is raised, each party can submit such matter to China International Economic and Trade Arbitration Commission South China Sub-Commission in Shenzhen in accordance with its rules then in effect. The arbitration shall take place in Shenzhen. The arbitration award shall be final, conclusive and binding upon both parties.
Settlement of Dispute. The parties shall strive to settle any dispute arising from, out of or in connection with the interpretation or performance of this Agreement through friendly negotiation. In case no settlement can be reached through negotiation within six months, each party can submit such matter to China International Economic and Trade Arbitration Commission (the "CIETAC"). The arbitration shall follow the current rules of CIETAC. The arbitration award shall be final and binding upon the parties and shall be enforceable in accordance with its terms.
Settlement of Dispute. Prestige may, at its option, settle any dispute with any account debtor. Such settlement does not relieve Seller of any of its obligations under this Agreement.
Settlement of Dispute. 13.1 This Agreement shall be governed by and construed in accordance with the PRC law.
13.2 The Parties hereto shall strive to settle any dispute arising from the interpretation or performance hereof through friendly consultation. In case no settlement can be reached through consultation, any Party may submit such dispute to China International Economic and Trade Arbitration Commission (“CIETAC”) for arbitration pursuant to the current CIETAC Rules. The arbitration shall be conducted in Chinese in Beijing. The arbitral award shall be final and binding upon the Parties.
Settlement of Dispute. 7.1 In the event of any dispute with respect to or in connection with the construction and performance of the provisions of this Agreement, the Parties shall first negotiate in good faith to resolve the dispute. In the event the Parties fail to reach an agreement on the resolution of such a dispute, any Party may submit the relevant dispute to China International Economic and Trade Arbitration Commission in Shijiazhuang for binding arbitration. The languages used during arbitration shall be Chinese. The arbitration shall be final and binding on both Parties.
7.2 The Parties shall in good faith in all other respects continue their implementation of this Agreement except issues in dispute between the Parties.
Settlement of Dispute between the Contracting Parties Concerning Interpretation and Application of the Agreement
Settlement of Dispute. Any dispute arising from the performance of this Contract may be settled through negotiation. If no settlement could be reached, the dispute shall be dealt with according to (1) below:
(1) to bring a lawsuit at the People’s Court where Party B’s domicile is located; or
(2) to submit the dispute to [intentionally left blank] Arbitration Commission (the place of arbitration is [intentionally left blank]) for arbitration according to its arbitration rules then effective at the time of submission. The arbitration award shall be final and binding on the two Parties. In the course of lawsuit or arbitration, the Parties shall continue to perform those provisions in this Contract which are not under dispute.
Settlement of Dispute. Any disputes arising out of or relating to the interpretation or implementation of these Practical Arrangements will be amicably settled between the Parties.